{"id":64181,"date":"2025-05-13T02:00:59","date_gmt":"2025-05-13T07:00:59","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=64181"},"modified":"2025-05-13T11:25:47","modified_gmt":"2025-05-13T16:25:47","slug":"options-alert-bp-calls","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2025\/05\/13\/options-alert-bp-calls\/","title":{"rendered":"Options Alert: Volume Surges in Oil Giant"},"content":{"rendered":"<p>BP has been clawing higher, and options traders are getting active.<\/p>\n<p>A large transaction was detected yesterday in the\u00a0British oil-and-gas giant:<\/p>\n<ul>\n<li>Some 20,000 June 30 calls traded for about $1.38.<\/li>\n<li>A matching number of June 31 calls changed hands at the same time for $0.79.<\/li>\n<li>Volume was below open interest in the 30s but not the 31s, which suggests an existing position was rolled up from the lower strike.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.tradestation.com\/insights\/2024\/05\/12\/the-basics-of-options\/\">Calls<\/a> fix the price where investors can purchase a security, so they tend to gain value when shares appreciate.\u00a0There are two possible explanations for Monday&#8217;s transaction, both of which are potentially bullish.<\/p>\n<p>First, an investor may have entered the session owning the June 30 calls and made money as the stock advanced. He or she could have sold the options and swapped into the June 31s. That would have let them recover $0.59 and remain exposed to further upside.<\/p>\n<p>Alternately, the trader might own BP shares and have sold the June 30s as part of a <a href=\"https:\/\/www.tradestation.com\/insights\/2024\/05\/10\/covered-call-bullish-neutral-bearish-2\/\">covered call<\/a> strategy. They could have repurchased the options and sold the June 31s instead. Making that adjustment would have cost $0.59 and let them collect an additional $1 from the stock potentially continuing higher.<\/p>\n<div id=\"attachment_64187\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-64187\" class=\"size-large wp-image-64187\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/BP_20250512-1024x490.jpg\" alt=\"\" width=\"1024\" height=\"490\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/BP_20250512-1024x490.jpg 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/BP_20250512-300x143.jpg 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/BP_20250512-768x367.jpg 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/BP_20250512-1536x734.jpg 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/BP_20250512-1080x516.jpg 1080w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/BP_20250512.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-64187\" class=\"wp-caption-text\"><em>BP (BP), daily chart, with select patterns and indicators.<\/em><\/p><\/div>\n<p>BP rose 1.4 percent to $30.19 yesterday. It hit a 3-1\/2 year low of $25.22 on April 9, followed by a higher low above $27 at the end of last month. It jumped on May 5 when <em>Bloomberg News<\/em> reported Shell (SHEL) was considering a potential takeover. That story also triggered increased call volume as traders positioned for potential upside.<\/p>\n<p>Aside from the possibility of a acquisition, BP has climbed along with other energy stocks as <a href=\"https:\/\/www.tradestation.com\/insights\/2025\/05\/12\/stocks-breakout-tariffs\/\">trade tensions ease<\/a> between the U.S. and China.<\/p>\n<p>Overall option volume was more than twice the daily average in Monday&#8217;s session. Calls accounted for a bullish 83 percent of the activity, according to TradeStation Data.<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n<p><em>Options trading is not suitable for all investors. Your TradeStation Securities\u2019 account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See\u00a0<a href=\"https:\/\/www.theocc.com\/Company-Information\/Documents-and-Archives\/Options-Disclosure-Document\">www.TradeStation.com\/DisclosureOptions<\/a>. Visit\u00a0<a href=\"http:\/\/www.tradestation.com\/Pricing\">www.TradeStation.com\/Pricing<\/a> for full details on the costs and fees associated with options.<\/em><\/p>\n<p><em>Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the\u00a0Margin Disclosure Statement at\u00a0<a href=\"https:\/\/uploads.tradestation.com\/uploads\/margin-disclosure-statement.pdf\">www.TradeStation.com\/DisclosureMargin<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BP has been clawing higher, and options traders are getting active.<\/p>\n","protected":false},"author":39,"featured_media":64183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[27,14,13],"tags":[457],"class_list":["post-64181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-options","category-stocks","tag-bp","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - 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Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories \u2013 especially those overlooked by other commentators. 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